Hedera, represented by the HBAR Foundation, has formed a partnership with the Digital Euro Association (DEA) to promote innovation within the industry.
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The HBAR Foundation, leading the development of the Hedera protocol, has teamed up with the Digital Euro Association, a think-tank focused on advancing digital payments, enhancing its influence in the industry.

Hedera and Digital Euro Association Join Forces for Payment Innovation
The collaboration between the HBAR Foundation and the Digital Euro Association (DEA) underscores their shared commitment to fostering innovation in digital payments, stablecoins, and Central Bank Digital Currencies (CBDCs).
The DEA, known for its collaborative approach with various industry partners, sees this partnership as a strategic move to leverage the expertise of the HBAR Foundation in advancing blockchain technology.
Hedera’s advanced technology, facilitating asset transfers with minimal fees, sets a strong foundation for this collaboration. However, the specific contributions of the HBAR Foundation to the DEA’s growth roadmap are yet to be fully disclosed.
Nevertheless, the partnership offers an opportunity for DEA members to gain insights into Hedera’s development as a carbon-neutral protocol, addressing challenges related to speed, cost-effectiveness, and decentralization.

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Shayne Higdon, CEO of the HBAR Foundation, highlights Hedera’s role as a sustainable and efficient solution in the digital currency ecosystem, poised to drive further innovation in the field.
Crypto Partnerships: Driving Industry Evolution
In the dynamic landscape of the crypto industry, collaborations between entities are common occurrences, often driving significant advancements. A notable example is the collaboration that led to the introduction of spot Bitcoin Exchange-Traded Funds (ETFs), a development made possible by the collective efforts of various firms.
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In the case of Bitcoin ETFs, issuers frequently teamed up with Coinbase Exchange to provide custodial services for the product, showcasing the value of strategic partnerships in bringing innovative financial products to market. Collaborations such as the synergy between Ark Invest and 21Shares, as well as Invesco and Galaxy Digital, further demonstrate the potential for partnerships to yield substantial benefits for all parties involved.
The recent partnership between the Digital Euro Association and the HBAR Foundation adds to a series of strategic alliances forged by the latter in recent times. Anticipation runs high as industry observers eagerly await the outcomes and potential innovations that this collaboration may unlock for the digital payments ecosystem.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Hedera  #HBAR  #Bitcoin  #Altcoin  #Cryptocurrency

In the last day, Hedera Hashgraph (HBAR) had a wild ride due to confusion and too much optimism. Yesterday, it shot up by over 105% in trading but then quickly dropped by more than 20%. This morning, it continued to fall, losing over 26% of its value. This rollercoaster could give critics more reasons to doubt cryptocurrencies.
Today, Hedera’s price started higher than yesterday’s opening, at $0.156441 compared to $0.090412. However, it quickly fell from its peak of $0.18025 earlier in the day to $0.132002 at the time of writing, marking a steep decline of over 26% in just a short period. But what caused this sudden drop?

Confusion Surrounds Hedera’s Announcement on BlackRock MMF Tokenization
The HBAR Foundation sparked widespread interest on social media when it posted about BlackRock’s ICS US Treasury money market being tokenized on Hedera.
This announcement, hailed as a significant milestone in asset management, garnered over 2 million views within hours. However, some misinterpreted the message, believing that BlackRock had chosen to tokenize its money market fund directly on the Hedera blockchain.

In reality, BlackRock was not directly involved in tokenizing its MMF on Hedera. Instead, the Twitter post referred to the availability of BlackRock MMF shares as tokenized assets on platforms like Archax and Ownera, in addition to Hedera.
Archax clarified this aspect in a blog post the same day, stating that they were expanding their offerings to include the BlackRock ICS US Treasury money market fund as a tokenized asset available on their platform and connected networks.

Social Media Reacts to HBAR Foundation’s Ambiguous Announcement
The HBAR Foundation’s announcement regarding the tokenization of BlackRock’s ICS US Treasury money market fund on Hedera sparked criticism and confusion on social media platforms. Many users, like Chris O (TheOCCryptobro), clarified that BlackRock itself was not directly involved in the tokenization process and had no affiliation with the Hedera protocol.
Chris O explained that the tokenization of the BlackRock fund on Hedera was initiated by a project within the HBAR community, similar to an individual purchasing a Rolex and sharing a photo on social media without implying a partnership with the luxury brand.

Hedera’s Volatility Fuels Anti-Crypto Sentiment
The recent rollercoaster ride experienced by Hedera Hashgraph (HBAR) has provided ammunition to anti-cryptocurrency voices, including prominent figures like Jamie Dimon, regulators, and Federal Reserve presidents. The sharp fluctuations in HBAR’s price, driven by misleading information and non-events, exemplify the type of instability that critics often associate with blockchain technology and cryptocurrencies.
Hedera’s rapid surge, followed by a steep decline within a short timeframe, underscores the perception of volatility without a solid foundation. This episode feeds into the narrative propagated by detractors, who argue that cryptocurrencies and decentralized finance (DeFi) lack stability and reliability, making them unsuitable for widespread adoption.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#HBAR #Hedera #HederaHashgraph #Bitcoin #Ethereum $HBAR

Pyth Network’s integration with Hedera introduces over 400 real-time price feeds, enhancing blockchain financial services.
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HLiquity becomes the first Hedera-based application to utilize Pyth’s advanced data for overcollateralization, marking a significant advancement in decentralized finance (DeFi) capabilities on the platform.

Pyth Network Boosts Hedera Ecosystem
Pyth Network, known for its real-time market data, is set to transform the Hedera blockchain. This integration brings over 400 Pyth price feeds to Hedera, a move expected to significantly impact economic activities such as lending.
Great work by @PythNetwork: providing real-time market data to the #Hedera network for over 400 assets across cryptocurrencies, commodities, equities, FX, and ETFs to enhance on-chain information availability for users, developers, and institutions alike.https://t.co/rw2Q0bXADF— Hedera (@hedera) February 26, 2024

Grace Pfluger, Director of Business Development at the HBAR Foundation, highlights the importance of public oracle price feeds in driving economic behavior on Hedera.
Pyth’s pull oracle model offers timely access to various financial product prices, including cryptocurrencies and ETFs, with minimal latency.
These feeds also feature a confidence interval to provide insights into market volatility, benefiting downstream protocols.
HLiquity, a decentralized borrowing protocol on Hedera, becomes the first to utilize Pyth’s data. This ensures protocol stability by accurately tracking HBAR and Swiss franc prices.

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Pyth Network Expands DeFi Capabilities
Pyth Network, a leading financial oracle network, has introduced price feeds for 13 Bitcoin ETFs on February 20. This move is set to empower decentralized finance (DeFi) platforms, offering them expanded portfolio options, improved risk management, and increased liquidity to attract institutional capital.
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In January 2024, the Hedera Global Governing Council approved an allocation of 4.86 billion HBAR, worth approximately $408 million, to further develop the network and enhance decentralized governance. This initiative reflects Hedera’s commitment to strengthening its infrastructure following a successful 2023, which saw over 33 billion real-world transactions, highlighting its scalability and robustness.
Currently, the price of Hedera’s native token, HBAR, has risen by 6.67% in the last 24 hours, reaching $0.1114. Over the past 7 days, it has experienced a 5.21% increase.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Hedera  #HBAR  #Bitcoin  #Altcoin  #Cryptocurrency

The collaboration between Hitachi US and the Hedera Council marks a substantial merger of industrial know-how with cutting-edge blockchain technology.

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Focused on spearheading proof-of-concepts in supply chain and sustainability, the partnership capitalizes on Hitachi’s extensive industry knowledge. However, market trends surrounding Hedera’s HBAR token indicate volatility, with ongoing selling pressure and a possible impending price decline, as indicated by technical indicators.

Hitachi US Joins Hedera Council for Blockchain Innovation
Hitachi US and Hedera Council have joined forces, aiming to blend Hitachi’s industry expertise with Hedera’s blockchain tech. The collaboration plans to initiate projects developing proof-of-concepts for holistic supply chain and sustainability solutions in the coming year.
Hitachi US, known for diverse products in electronics, healthcare, energy, and IoT, brings innovation to the industrial sector. Their integration into the Hedera Council indicates a move to leverage their experience for transformative industrial applications. The partnership is expected to showcase the practical use of web3 technologies in real-world scenarios.

HBAR Market Impact and Technical Analysis Post Hitachi-US-Hedera-Council
The announcement of Hitachi US joining the Hedera Council has reverberated in the crypto market, influencing the price of Hedera’s native token, HBAR. Currently priced at around $0.07847, HBAR experienced declines of 1.75% in the last day and 0.56% over the past week. Despite these fluctuations, Hedera maintains a substantial market cap of $2,638,745,973, underscoring its prominence in the cryptocurrency space.

HBAR/USDT 1-Day chart (Source: Coinmarketcap)
However, a closer look at the technical analysis of HBAR’s price movement reveals a mixed sentiment in the market. The Chaikin Money Flow indicator on the 4-hour chart signals selling pressure, with a downward movement at -0.11, indicating a higher likelihood of investors disposing of their assets and a continued decline in prices.
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HBAR/USDT 4-Hour chart (Source: Tradingview)
Adding to the complexity of market sentiment, the MACD line is currently below its signal in the 4-hour chart, presenting a bearish indicator. This aligns with the concept of selling pressure and strengthens the probability of a downward price movement. Traders are advised to exercise caution and consider this crossover as a potential confirmation of a trend reversal while making their trading decisions.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
 #Hitachi #Hedera #Bitcoin #Altcoin #CryptoNews